SQ Properties LLC Acquires Student Housing In Springfield, MO For $25.7M
430 East Walnut Street, Springfield, Missouri 65806, United States
$25,700,000
Building Size
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Asset Type
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Closing
Jun 23, 2022
AI
430 E. Walnut Street in Springfield, MO has been sold in a transaction worth $25,700,000. The property is a student housing asset, located in the Springfield market.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $25,700,000
- Date: 06/24/2022
- Address: 430 E. Walnut Street
SQ Properties LLC has acquired the property from Walnut Development Properties. Sean Lyons, Ken Wellar, and Douglas Sitt from Rittenhouse Realty Advisors represented the buyer in this transaction.
Players
Springfield CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93